← belizelaw.ai · Free Zones, Cap. 278 · PART II — Establishment, Functions, etc., of the National Free Zone
Section 4
Cap. 278, s. 4 · Revised Edition 2020
(1) There shall be a Board of Directors of the NFZA which shall, subject to the provisions of this Act, be responsible for the general policy of all Commercial Free Zones.
Directors of the NFZA.
(2) The Board of Directors shall comprise the following members–
(a) one representative of the Ministry responsible for Commercial Free Zones;
(b) the Comptroller of or his representative;
(c) one representative of the Ministry of Finance;
(d) one representative of the Ministry responsible for industry;
(e) one representative of the Ministry responsible for labour;
(f) Governor of Central Bank of Belize or his representative;
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(g) a representative of the National Trade Union Congress of Belize;
(h) one representative of each of the following Commercial Free Zones,
namely,
the International Free Zone, the Belize Port Free Zone, the Benque Viejo del Carmen Free Zone, the Western Free Zone and the Toledo Free Zone; and two representatives of the Corozal Free Zone, one of whom shall be a representative of private sector developers of that Zone and the other shall be a representative of public sector developer (s) of that Zone.
(i) the Coordinator of the NFZA appointed under sub-section (4) of this section, who shall have no right of vote.
(3) At the commencement of this Act, and thereafter during the month of January every year, the Minister shall appoint one of the members of the NFZA to be the Chairperson and the members shall elect one of their number to be the Deputy Chairperson of the Board.
(4) The NFZA shall appoint a suitably qualified person as the Coordinator who shall perform such functions as the NFZA may specify.
(5) The Chairperson shall preside at all meetings of the NFZA and in his absence, the Deputy Chairperson shall preside.
(6) The NFZA shall meet at least once every two months on a date and at a time set by the Chairperson of the NFZA or at the request of two or more members thereof provided that prior written notice of such meeting and the agenda for the same is given two weeks prior to all such meetings.
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(7) The quorum of the NFZA shall be eight members thereof.
(8) The decisions and resolutions of the Board shall be by a majority of total membership of the Board, excluding the Coordinator.
(9) Subject to the provisions of this Act and any regulations,
the NFZA may regulate its own procedure.
NFZA.
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